Sec. 601.039. CONVEYANCE OF PROPERTY

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(a) The municipality, by resolution or an instrument authorized by a resolution, may convey property to an authority for use in a project.
(b) The legal title to real property conveyed remains with the municipality, but the authority may, until it ceases to exist, use the property.
(c) Legal title to personal property conveyed passes to the authority.

Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987. Renumbered from Local Government Code, Section 431.039 by Acts 2007, 80th Leg., R.S., Ch. 885 , Sec. 3.76(d)(2), eff. April 1, 2009.

                    
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